Chinese automakers ramp up in-house battery production to regain cost control
Li Auto, NIO, Xiaomi, Geely, GAC, GWM, Changan and Chery are expanding in-house battery development and manufacturing to regain control over costs. The move intensifies their tug-of-war with battery leader CATL over self-production versus outsourcing.
- Li Auto, NIO, Xiaomi, Geely, GAC, GWM, Changan and Chery push in-house battery production
- The standoff with CATL centers on self-production versus outsourcing
- Automakers aim to reclaim control over battery costs
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